September 14, 2018 — People love seafood. It’s a delicacy in many parts of the world, with different preparations and varieties on the menu.
However, good fish is difficult to buy. Whether it is New York, Chicago, or London — restaurants and supermarkets rarely have healthy, wild-caught fish to offer.
Instead, customers end up buying farmed and maybe drug-laden varieties of the fish they truly desire. There’s definitely a trust issue in the seafood market.
Further, reports of illegal, unreported, and unregulated (IUU) fishing are rising every day. In fact, some experts believe that as much as 20 percent of the global seafood catch is IUU and costs the global economy US$23 billion annually.
Finally, according to Reuters, global marine catches have declined by 1.2 million tonnes a year since 1996 — making IUU fishing even more challenging.
Does that mean the era of fresh, delightful seafood has come to an end? Maybe not. It seems like technology has an enterprise-grade solution to this problem as well.